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Tuesday, September 05, 2006

Behind the "Sanctions Talk" at the UN

Claudia Rosett is skeptical of any effective action against Iran by the United Nations. An excerpt:

A new country survey of Iran from the U.S. Department of Energy helps illustrate the problem. Along with Iran's $100 billion, 25-year bargain with China to develop natural gas, there are deals either signed or in the offing with the following list of countries: France, Turkey, Pakistan, India, Greece, Australia, Austria, Bulgaria, Romania, Hungary, Ukraine, Armenia, Norway, Kuwait, Turkmenistan and Iraq. Projects on the table range from huge oil and gas field investments, to pipelines, oil swaps and Indian service contracts. And for the blame-America-first crowd, the survey even mentions that "a foreign subsidiary of Halliburton Co. reportedly reached agreement," along with an Iranian partner, to help develop some of Iran's natural gas fields.


Read it all here.

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